In this report, EnergyTech Investor focuses on project finance structures as well as the economics and drivers of FuelCell Energy’s projects. As with any power project, there are a variety of approaches to structure and finance deals and it is a critical aspect of the company’s ability to grow and develop new projects. FuelCell Energy’s projects tend to have attractive project finance economics including reliable, longterm cash flows with minimal technology and development risks. We believe the projects offer a very competitive return on investment relative to other projects of similar size and nature. In this report, we review a number of the variables and an overview of the analysis that helps secure capital for FuelCell Energy’s projects. Furthermore, the company is building its own portfolio of projects that we believe can offer a unique opportunity for the average shareholder to participate in attractive project finance economics.